BusinessWeek says Irvine, Calif., recession proof, but local media don't
Jon Lanser, the real estate columnist for the Orange County Register, notes that BusinessWeek magazine has picked Irvine, Calif., as one community that might avoid the recession.  But, he notes, local reporting shows otherwise. Lansner writes, “So what was BusinessWeek thinking? It notes Irvine’s 37.8% share of jobs in those coveted anticyclical industries. And BW […]
Addressing the "urgency of the matter"
Danny Shea of Huffington Post interviewed CNN senior business correspondent Ali Velshi about how the business media has covered the current economic crisis. Here is an excerpt: How would you describe the tone of CNN’s business coverage? What tone do you aim for? The tone that we aim for at CNN is one that addresses […]
Financial crisis may take toll on business news media
Robert MacMillan of Reuters writes that the economic crisis may hurt the business news media in the long run. MacMillan writes, “But a grim advertising outlook, subscribers looking for a myriad ways to save money, and the inevitable prospect that the story will cool make optimism unsustainable. “‘I’m very concerned about the drop in ad […]
Assessing the performance of business journalism isn't that simple
Dean Starkman, writing for the Columbia Journalism Review, argues that there are many business journalists who have been sounding the alarm about the problems in the housing market and on Wall Street before the economic turmoil, but that assessing the business media’s performance is more complicated than finding the negative stories in archives. Starkman writes, […]
Biz journalists doing good job with crisis, could do better
I interviewed Bernie Kohn, the president of the Society of American Business Editors and Writers and the head of the investigations team at the Baltimore Sun, on Tuesday to get his impressions of how the business media was covering the current economic crisis. Here are some of his thoughts: On why coverage is different now […]
Soaring ratings for TV financial news, Web sites
David Lieberman and Jon Swartz of USA Today examine the increase in ratings for televised business news and financial news on the Internet. Lieberman and Swartz write, “Meanwhile millions of people are scrambling to the Internet. Visits to financial news sites for September were up 30%, to 64.3 million unique visitors, from a year earlier, […]
The tragedy of the business media
Hamilton Nolan of Gawker has an excellent analysis of the current state of business media, which is covering its most important story at a time when its ad market is drying up. Nolan writes, “Ten years from now, business outlets will be judged by their coverage of this meltdown in the same way that the […]
Financial Times sees boom in readers due to economic crisis
Robert MacMillan of Reuters reports that The Financial Times has seen an increase in print subscribers and online readers in the past month as the economic crisis speads worldwide. MacMillan met recently with FT CEO John Ridding. MacMillan writes, “Here’s evidence, some of which Ridding gave me when we had breakfast at Michael’s last week: […]
NYTimes columnist wins Nobel prize in economics
Paul Krugman, a Princeton University economics professor who also writes a column for the New York Times, has won the Nobel Prize for economics. Catherine Rampell of the Times writes, “Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for ‘having shown […]
Can Greenspan's wife be objective in covering the economy?
Brian Stelter of the New York Times writes for Monday’s paper about the ethical issues surrounding NBC’s Andrea Mitchell, who is married to former Federal Reserve Board chairman Alan Greenspan and has recently been reporting about the economy. Stelter notes that the Columbia Journalism Review has raised questions about whether Mitchell can be objective in […]
